Source:-The Notification No.2/2015 on dated 13.07.2015 The Notification will come into effect from the date of issue.
By this notification the process of verification after e-filing of any Income tax return has been modified only.
Before this notification we had only two options to verify the income tax return -
1. Verify the return with the help of digital signature
In this case the assessee generally verify its income tax return with its digital signature and email the ITR-V to income tax dept. 2. Verify the return with the help of manual signature(Non digital signature) In this case the assessee who didn’t have their digital signature has an option to verify their e-filing income tax return by signing on hard copy of ITR-V and shall to post it to Bangalore within 120days of filing the income tax return. Often it observed that the process of sending ITR-V to Bangalore didn’t work fruitfully sometimes for assessee and as well as for Income tax dept. also, since the assessee post their ITR-V within 120 days but it get received by dept. after 120days of filing the ITR, Hence thereafter mainly ITR rejects by Income tax dept.
However the assessee has also an option to verify its return by digital signature which results are much better and has not any chances of Non-Receipt of ITR-V, however they are expensive and can’t afford by everyone, generally for Individuals. 1. Verify the return with the help of digital signature
In this case the assessee generally verify its income tax return with its digital signature and email the ITR-V to income tax dept. 2. Verify the return with the help of manual signature(Non digital signature) In this case the assessee who didn’t have their digital signature has an option to verify their e-filing income tax return by signing on hard copy of ITR-V and shall to post it to Bangalore within 120days of filing the income tax return. Often it observed that the process of sending ITR-V to Bangalore didn’t work fruitfully sometimes for assessee and as well as for Income tax dept. also, since the assessee post their ITR-V within 120 days but it get received by dept. after 120days of filing the ITR, Hence thereafter mainly ITR rejects by Income tax dept.
However the assessee has also an option to verify its return by digital signature which results are much better and has not any chances of Non-Receipt of ITR-V, however they are expensive and can’t afford by everyone, generally for Individuals. Now the Question will arise - 1.What is EVC? 2. How did EVC will work? 3. How can we generate or modes to obtain the EVC? 4. How to e-verify the Income tax return by EVC without using digital signature and without sending it to Bangalore while filing the return or after filing the return?
Question 1. What is EVC?
Answer: Electronic Verification Code (EVC) means an alpha numeric 10 digit codes generated for the purpose of electronic verification of the person furnishing (assessee/verifier) the return of income. Question 2.How did EVC will work?
Answer: The Electronic Verification Code (EVC) would verify the identity of the person furnishing the return of income (hereinafter called “verifier”) and same would be generated or indicated on the E-filing website https://incometaxindiaefiling.gov.in
In case of individual the EVC can be used by a verifier being the Individual to verify his\her Income tax return OR In case of HUF the EVC can be used by a verifier being a Karta to verify the income tax return form 1, 2, 2A, 3, 4, or 4S OR the Income tax return form filed in ITR 5 or 7 can verify by any person in describe in section 140 of Income tax act. The EVC generation process may vary based on the risk category of the assessee. The EVC would be unique for an assessee PAN and will not valid for any other Pan at the time of filing of the Income Tax return.
One EVC can be used to validate one return of one assessee irrespective of the Assessment Year or return filing type(Original or revised). Means the EVC may be change if AY is different or if return type id change, new EVC would to generate if ITR will revised.
The EVC will be stored against the assessee PAN along with other verification details like Aadhaar Card number. The EVC will be valid for 72 hours only. Question 3. How can we generate or modes to obtain the EVC?
Answer. The Verifier can use more than one mode to obtain EVC and can generate the EVC multiple times and following are the four options provided to e-verify the return. (1) EVC can generate after verifier logs in to the e-filing website https://incometaxindiaefiling.gov.in through Net-Banking (2) EVC can generate after Aadhaar authentication using aadhaar one time password. (3) EVC is generate by using ATM of A bank. (4) EVC is generate and sent to the Registered Email ID and Mobile Number of Assessee with E-filing Website (If the total Income as per ITR is 5 lakhs or below and there is no refund claim)
Question4. How to e-verify the Income tax return by EVC without using digital signature and without sending it to Bangalore while filing the return or after filing the return?
Answer: The E-verification can done:
1.While uploading the return through (Non-Net Banking or Net Banking Login)
2. After or already uploaded return through (Non-Net Banking login)
1(a). E-Verification while uploading a return through (Non –Net Banking)
1. Upload Return à Click Submit
2. The Return is uploaded (Pending for e-Verification)
3. Four e-Verification options provided – Taxpayer can choose any one of the
Options provided to e-Verify the return.
•Option-1 “I already have an EVC and I would like to Submit EVC”
• Option-2 “I do not have an EVC and I would like to generate an EVC”
• Option-3 “I would like to generate Aadhaar OTP to e-Verify my return”
• Option-4 “I would like to e-Verify later/ I would like to send ITR-V”
Option 1 – “I already have an EVC and I would like to Submit EVC”
Step 1: Provide the EVC in the text box à Click Submit.
Step 2: Download the Acknowledgement (No Further action required to be done).
Option 2 – “I do not have an EVC and I would like to generate an EVC”
Two options are provided – Taxpayer can choose any one of the options if they do not have an EVC
i. Generate EVC through Net-Banking.
ii. Generate EVC to registered Email Id and Mobile Number.
Generate EVC through Net-Banking:
Step 1: Login to e-Filing Portal through Net-Banking.
Step 2: Click on e-Verify return.
Generate EVC to registered Email Id and Mobile Number:
Step 1: Enter the EVC sent to your registered Email Id / Mobile Number and
Submit to e-Verify return.
Step 2: Download the Acknowledgement (No Further action required).
Option 3 – “I would like to generate Aadhaar OTP to e-Verify my return”
Pre-requisite: Taxpayer’s PAN and Aadhaar should be linked.
If Aadhaar is not linked, click on Link Aadhaar button and link the Aadhaar.
Step 1: Enter the Aadhaar OTP sent to your Mobile Number registered with
Aadhaar and Submit to e-Verify return.
Step 2: Download the Acknowledgement (No Further action required).
Option 4 – “I would like to e-Verify later/ I would like to send ITR-V”
Step 1: Click on Continue à Download ITR-V
Step 2: Submit ITR-V to CPC, Bangalore.
1(b). E-Verification while uploading a return through (Net Banking login)
1 Login to e-Filing through Net-Banking
2 Upload Return à Click Submit
3 The Return is uploaded (Pending for e-Verification)
4 Three e-Verification options provided – Taxpayer can choose any one of the
Options provided to e-Verify the return.
• Option-1 “I would like to e-Verify my return now”
• Option-2 “I would like to generate Aadhaar OTP to e-Verify my return”
• Option-3 “I would like to e-Verify later/ I would like to send ITR-V”
Option 1 – “I would like to e-Verify my return now”
Step 1: Click on “I would like to e-Verify my return now” à Click Continue
Step 2: Download the Acknowledgement (No Further action required).
Option 2 – “I would like to generate Aadhaar OTP to e-Verify my return”
Pre-requisite: Taxpayer’s PAN and Aadhaar should be linked.
If Aadhaar is not linked, click on Link Aadhaar button and link the Aadhaar.
Step 1: Enter the Aadhaar OTP sent to your Mobile Number registered with Aadhaar and Submit to e-Verify return.
Step 2: Download the Acknowledgement (No Further action required).
Option 3 – “I would like to e-Verify later/ I would like to send ITR-V”
Step 1: Click on Continue à Download ITR-V
Step 2: Submit ITR-V to CPC, Bangalore.
Note: User who has already uploaded the return and opts to e-Verify the existing return can use the above mentioned options other than Option 3.
2. E-Verification of an already uploaded return (Non –Net Banking)
1. Click e-Verify Return under e-file.
2. Uploaded returns (120 Days) which are yet to be e-Verified are displayed in a table.
3. Click on e-Verify (for the return already uploaded)
4. Three e-Verification options provided – Taxpayer can choose any one of the options provided to e-Verify the return.
• Option-1 “I already have an EVC and I would like to Submit EVC”
• Option-2 “I do not have an EVC and I would like to generate an EVC”
• Option-3 “I would like to generate Aadhaar OTP to e-Verify my return”
Option 1 – “I already have an EVC and I would like to Submit EVC”
Step 1: Provide the EVC in the text box à Click Submit.
Step 2: Download the Acknowledgement (No Further action required).
Option 2 – “I do not have an EVC and I would like to generate an EVC”
Two options are provided – Taxpayer can choose any one of the options if they do not have an EVC
i. Generate EVC through Net-Banking.
ii. Generate EVC to registered Email Id and Mobile Number.
Generate EVC through Net-Banking:
Step 1: Login to e-Filing Portal through Ne Banking.
Step 2: Click on e-Verify return.
Generate EVC to registered Email Id and Mobile Number:
Step 1: Enter the EVC sent to your registered Email Id / Mobile Number and Submit to e-Verify return.
Step 2: Download the Acknowledgement (No Further action required).
Option 3 – “I would like to generate Aadhaar OTP to e-Verify my return”
Pre-requisite: Taxpayer’s PAN and Aadhaar should be linked.
If Aadhaar is not linked, click on Link Aadhaar button and link the Aadhaar.
Step 1: Enter the Aadhaar OTP sent to your Mobile Number registered with
Aadhaar and Submit to e-Verify return.
Step 2: Download the Acknowledgement (No Further action required).
Thanks
SAMEER AHMED CA FINAL
Fore more information feel free to write me on tds@camsa.in
CAclubindia
